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Terrebonne Parish Conventional Mortgage Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Terrebonne Parish, Louisiana based on real HMDA transaction records.

Loan Details

Terrebonne Parish, LA Benchmarks

Conventional averages
Typical Property Value$288,182
Average Down Payment23.2%
Average Interest Rate7.281%
Effective Tax Rate0.40%
Median Tax Paid$836/yr
Tax Growth (Historical)-4.8%
Based on 690 regional loans totaling $104,680,000 (HMDA database).
$
%

$66,858 down · $221,324 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$96 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,760/mo

  • Principal & Interest$1,514
  • Property Tax$96
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$221,324

Total Interest

$323,833

Total of Payments

$545,157

Local Market Insights

Terrebonne Parish Conventional Mortgage Overview

In Terrebonne Parish, the 23.17% weighted average down payment on Conventional loans signals strong buyer credit and equity, typically avoiding Private Mortgage Insurance (PMI) since it exceeds the 20% threshold. With a median Loan-to-Value (LTV) of 76.83%, these primary residence buyers already hold over 23% equity, positioning them to cancel PMI immediately upon request. The effective property tax rate of 0.40% is low, and the recent -4.8% inflation-adjusted tax change reduces monthly carrying costs, enhancing affordability for those using a Conventional mortgage with taxes in Terrebonne Parish, LA. For a Conventional mortgage with PMI and taxes in Terrebonne Parish, Louisiana, this data confirms a low-risk, well-capitalized buyer profile.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.